East Japan Railway Co
9020: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥3,526.00 | Tbkzlq | Qbjczrc |
JR East Earnings: Passenger Numbers and Profits Rebound as Expected
Narrow-moat-rated East Japan Railway, or JR East, reported a doubling of operating income to JPY 80 billion in the June quarter, compared with the previous corresponding period, or PCP. Management maintained full-year guidance for operating income of JPY 270 billion and we leave our forecasts largely unchanged. Shares currently trade about 10% above our unchanged fair value estimate of JPY 7,200 per share.